What’s driving mortgage rates today? This week After yesterday’s Consumer Price Index showed inflation ticked up slightly in November, the Producer Price Index (PPI)came out this morning. ThePPI measures inflation datafrom the perspective of businesses. ...
Today’s mortgage rates Average mortgage rates rose appreciably yesterday. I can’t see an obvious cause except a continuing reaction to last Friday’s strong jobs report. Earlier this morning, markets were signaling thatmortgage rates today could fall.However, these early mini-trends frequently alt...
But mortgage rates had already plunged from nearly 8% in November last year to 6.1% by mid-September this year, without any rate cuts, on just a wing and a prayer, thereby pricing in all kinds rate cuts and whatnot. And since the rate cut, much of t...
I call them holy-moly mortgage rates because that’s the sound people are making when they figure the mortgage payment at those rates to buy their dream shack at today’s ridiculous prices (chart via Mortgage News Daily): Treasury yields jumped, some to multi-year highs...
"If yesterday you were approved for a mortgage in a bank or building society, today you would ...
miss. File today under the latter. In fact, file today under "paradoxical reaction." Sales hit 0.7% vs a median forecast of 0.4%. For a bond market worried about a "no landing" scenario, this should be an obvious nail in the coffin. So why are rates lower since the data came out?
today Japan’s GDP is what it was in 1995. The Bank of Japan bailed out the banking system with bucket loads of troubled assets and forced rates to incredibly low levels. You can get mortgages in Japan in the 2 percent range but once again, refer to the f...
Just as in Office Building loan requests, there is concern among lenders about high vacancy rates in retail shopping centers. Because of lender and builder enthusiasm there is a great deal of overbuilding in most areas of Shopping Centers, especially smaller retail shopping centers. ...